Matthew Sigel, the head of digital assets research at investment giant VanEck, has confirmed that VanEck’s recent filing for a Solana (SOL) exchange-traded fund (ETF) is a bet on Donald Trump winning the presidency. VanEck became the first company in the United States to file for a SOL ETF by submitting an S-1 registration statement to the Securities and Exchange Commission (SEC) last week. Bloomberg ETF analyst Eric Balchunas believes that the filing is “a call option on the POTUS election.” Sigel has confirmed Balchunas’ speculation on the social media platform X. Trump’s recent claims that he will serve as the “crypto president” have gained support from digital asset stakeholders who view the Biden Administration as hostile towards the sector. However, Trump has not always been a fan of crypto, as he previously directed the Treasury Secretary to “go after Bitcoin [for fraud].” VanEck’s proposed ETF, named the VanEck Solana Trust, would be listed on the Cboe BZX Exchange if approved. Another fintech firm, 21Shares, also filed for a SOL ETF last week.